In-Stat research reveals that cell phone users have mixed feelings about predicted new handset features -- "According to a proprietary survey of cell phone users by the high tech research firm, Wi-Fi- and Skype-enabled handsets, voice activation for text input, and mapping and traffic routing features resonate well. However, few respondents expressed interest in wireless phones that could be used as a wallet for purchases, or for watching TV programs. 42% of the respondents were very or extremely interested in voice activation for their wireless phones. More than 4 in 10 were very or extremely interested in buying a wireless phone with built-in Wi-Fi for voice and data. Just 12% had an interest in buying a wireless phone capable of receiving TV broadcasts. The report, Future Cell Phones: The Big Trends, 2005-2010, forecasts when new trends in mobile phone features and services are likely to take off."
The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without